LinkedIn Founder to have $5.14 Billion stake after IPO

Reid Hoffman, the founder of LinkedIn Corp. and its three main venture backers will own a combined stake of $5.14 billion. It has been a long road for the founder and it has been eight years leading up to this day, the first IPO by a major US social networking site.

?Any solid returns like this are clearly a great thing and there?s been too few of them in the past decade,? said Eric Risley, founder of Architect Partners, a technology merger-and- acquisition advisory firm in Menlo Park, California. ?This was not an overnight success by any means.?

The shares went from $49.25 to a major $94.25 at around 4pm NY time. At the closing price the market value of LinkedIn was around $8.91 billion.

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